Monthly Archives: August 2022
Coinbase reports $1.1 Billion Loss
Written on August 15, 2022 at 1:32 am, by 王建军
At its most recent earnings call, cryptocurrency platform Coinbase reported a tremendous loss of $1.1 billion in revenue for Q2, pulling the company’s stock down over 10% on Tuesday to $87.68. Earnings per share for the company also largely underperformed, with a loss of $4.98 per share versus an expected $2.65. Quarter-on-quarter user activity hasContinue Reading
Cooling US CPI Numbers Give Hope for Soft Landing
Written on August 11, 2022 at 3:34 am, by 王建军
On Tuesday evening (GMT+3), the US Consumer Price Index (CPI) for July was released, showing a year-on-year growth of 8.5% – lower than the expected growth of 8.7% and the previous month’s increase of 9.1%. Core CPI, which excludes volatile categories like food and energy, comes in at an increase of 0.3% month-on-month, lower thanContinue Reading
Is This Little-Known Hong Kong Tech Company the Next Meme Stock?
Written on August 8, 2022 at 2:50 am, by 王建军
AMTD Digital, a little-known fintech company based in Hong Kong and listed on the NYSE (HKD) surged over 1500% in five days during last week’s trading. Since its IPO earlier this year in July, the company’s stock has surged from US$7.80 to a high of over US$1670 for a market cap of over $300 billionContinue Reading
